Natixis Advisors LLC Sells 21,315 Shares of Aon plc $AON

Natixis Advisors LLC trimmed its holdings in shares of Aon plc (NYSE:AON) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 334,511 shares of the financial services provider’s stock after selling 21,315 shares during the quarter. Natixis Advisors LLC owned about 0.16% of AON worth $118,042,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. increased its position in AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 35 shares during the period. Wealth Watch Advisors INC bought a new position in AON during the third quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in AON during the fourth quarter worth about $30,000. Strive Asset Management LLC bought a new position in AON during the third quarter worth about $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in AON during the third quarter worth about $37,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AON. Piper Sandler raised their price target on shares of AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $398.00 to $397.00 in a research note on Friday, February 27th. Wells Fargo & Company dropped their target price on shares of AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, AON has an average rating of “Moderate Buy” and an average price target of $396.81.

AON Trading Down 0.7%

Shares of AON stock opened at $318.11 on Wednesday. The firm has a market capitalization of $67.94 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.68 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm’s 50 day moving average is $321.79 and its 200 day moving average is $333.87. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.67 EPS. Equities research analysts forecast that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.82 per share. This is a boost from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s payout ratio is presently 16.36%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.